Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    801 16Th St Renton, WA 98057

    • Life science properties
    • 132,000 SF
    For Lease
    View listing
    $22 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0738134
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Life science properties

    Property Details for 801 16Th St

    Year built
    1997
    Property size
    132,000 SF
    Property type
    Life science properties
    Property subtype
    Flex space

    Description

    This exceptional 132,000-square-foot industrial property in Renton, WA, offers a diverse range of spaces ideal for manufacturing, flex, distribution, warehouse, and R&D operations. Located at 801 SW 16th St, 98057, this single-story Class B building, constructed in 1997, provides multiple tenancy options ranging from 100 square feet to 5,000 square feet, with a total of 10 spaces currently available. The property boasts excellent access to major transportation arteries, including the I-405 and 167 freeways, ensuring efficient logistics and convenient commutes. With 40 loading docks and 4 drive-in doors, the building is well-equipped to handle high-volume operations. The flexible lease terms allow businesses to easily adjust their space requirements as needed, providing a stress-free environment for growth and adaptation. This Renton submarket location offers a strategic advantage for businesses seeking a well-connected and functional industrial space. The property's diverse functionality and convenient location make it an attractive option for a variety of businesses. Contact us today to learn more about the available spaces and lease options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Renton
    County
    King
    State
    Washington
    Longitude
    -122.229725
    Latitude
    47.4655667

    Comparable in this City

    • Contact for pricing
      136,800 SF

      Renton Industrial Warehouse Space

      136,800 SF Manufacturing/Warehouse
      940 Thomas Ave, Renton, WA 98057
      View Details
    • Contact for pricing
      90,120 SF

      Renton Warehouse with Rail Access

      90,120 SF warehouse with office, dock, and rail access.
      700 Powell Ave Southwest, Renton, WA 98057
      View Details
    • Contact for pricing
      45,715 SF

      Kent Valley Freestanding Facility

      Cross-loaded warehouse in northern Kent Valley, available January 1, 2026.
      901 SW 39Th St, Renton, WA 98057
      View Details
    • Contact for pricing
      100,520 SF

      Renton Warehouse with Rail Access

      100,520 SF warehouse with immediate SR 167 access.
      3324 Lind Ave SW, Renton, WA 98057
      View Details
    • Contact for pricing
      37,445 SF

      Renton Warehouse with Office Space

      9,815 SF warehouse with 2,793 SF office space available.
      830 SW 34Th St, Renton, WA 98057
      View Details
    • $1.20 SF/Yr
      234,489 SF

      High Bay Warehouse Sublease Opportunity

      High bay warehouse space available for sublease in Renton, WA.
      4051 Oakesdale Ave SW, Renton, WA 98057
      View Details

    Similar Nearby for Sale

    • $7,425,000
      32,788 SF

      Bryant Motors: Renton Industrial

      Renton warehouse, redevelopment opportunity.
      1300 Bronson Way, Renton, WA 98057
      View Details
    • Contact for pricing

      Renton Warehouse: Skyway Area

      Prime Renton location, industrial warehouse.
      765 Rainier Ave, Renton, WA 98057
      View Details
    • Contact for pricing
      29,628 SF

      Climate Controlled Industrial Space

      29,628 SF thermoregulated warehouse in Kent business park.
      720 SW 34Th St, Renton, WA 98057
      View Details
    • $1,300,000
      1,755 SF

      Renton Flex Space with Secured Yard

      Flex space with secured yard, convenient access to major highways.
      1500 Raymond Ave SW, Renton, WA 98057
      View Details
    • $7,425,000

      Renton Retail, Showroom, Warehouse Space

      Retail, showroom, and warehouse with parking/yard storage for sale.
      1300 Bronson Way N, Renton, WA 98057
      View Details
    • Contact for pricing
      32,425 SF

      Waterfront Warehouse with Development Potential

      Seattle waterfront warehouse with moorage and redevelopment potential.
      653 NW 41St St, Seattle, WA 98057
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      136,800 SF

      Renton Industrial Warehouse Space

      136,800 SF Manufacturing/Warehouse
      940 Thomas Ave, Renton, WA 98057
      View Details
    • Contact for pricing
      45,715 SF

      Kent Valley Freestanding Facility

      Cross-loaded warehouse in northern Kent Valley, available January 1, 2026.
      901 SW 39Th St, Renton, WA 98057
      View Details
    • Contact for pricing
      90,120 SF

      Renton Warehouse with Rail Access

      90,120 SF warehouse with office, dock, and rail access.
      700 Powell Ave Southwest, Renton, WA 98057
      View Details
    • Contact for pricing
      37,445 SF

      Renton Warehouse with Office Space

      9,815 SF warehouse with 2,793 SF office space available.
      830 SW 34Th St, Renton, WA 98057
      View Details
    • $1.20 SF/Yr
      234,489 SF

      High Bay Warehouse Sublease Opportunity

      High bay warehouse space available for sublease in Renton, WA.
      4051 Oakesdale Ave SW, Renton, WA 98057
      View Details
    • Contact for pricing
      120,948 SF

      Renton Warehouse Space Available

      120,948 SF warehouse space for lease in Renton, WA.
      1100 SW 27Th St, Renton, WA 98057
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    801 16Th St
    Renton, WA 98057
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.